Yahoo has no answer yet to the big question: Who, if anyone, prevailed at the company’s auction — where final bids were due today? In a company report disclosing Q2 earnings, CEO Marissa Mayer simply said that the board “has made great progress on strategic alternatives.”

Telcos Verizon and AT&T, groups led by private…

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Related: Yahoo Board OKs Deal To Acquire Tumblr — Analysis

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UPDATE, 1:27 PM: Yahoo‘s spin machine will be hard at work today and tomorrow trying to persuade investors that CEO Marissa Mayer isn’t wildly overpaying for Tumblr. Although the social media service has become red hot — it averages about 75.8M posts a day…